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: you like financials, particularly bank of america. the government wanted them to raise more capital, isn't this time to stay away from them? >> that is why he can buy them at reasonably attractive prices. they are not growth stocks by any stretch of the imagination. they will never return with a used return. it is a huge market play. he has a good job so far, he has more to do, much more earnings power in this company then there is slightly above tangible, and can really drive the earnings with no significant growth in the economy. don't forget if you have rising intermediates rates, that helps the margins on the adam: we can put up the stock. hewlett-packard is trending slightly lower as we pick through the numbers. let me just quickly ask todd, jim was talking about the financials but what about technology? is technology going through the positive cycle where people have to upgrade heading into the fall and back-to-school season? >> that is great for them. we are seeing a lot of these technology companies are missing on the revenue line as well. they are not as aggressively upgrad
what is left of the traditional backbone of america? an inside look into the strength of the u.s. manufacturing industry. yes, there is a come back we are here to tell you about. straight ahead. cheryl: the most lucrative seg amendment for banks is the revenue from interest rates from businesses plummet. david: what is the rate business's biggest issue? which banks are suffering the most? joining us top financial analyst brad hintz from sanford bernstein. bottom line, fixed income isn't dead. you have a millions and millions of baby boomers coming into retirrment. they have seen two debacles in the equity market, the dot-com bust and the financial crisis of 2007-8. they're not ready to go full speed into equities. there has to be some hybrid which allows them to be satisfied with some fixed income? because people are saying fixed income is dead. it is not dead, is it? >> fixed income is not dead. if you look at financial management firms they are rolling out hybrid products. david: what does that mean? >> one of those wall street acronyms. you have a sleeve, fixed income produc
for america, good for the dollar, good for all of us. what about financial services. liz: i want to get to that because the big financial lambs. bank of america, loves to there. the department of justice considering lawsuits. two names that at our -- are not in that space but are in financial services. >> i like the regional banks. particularly in the southeast %-as the housing market in the southeast has improved, particularly in georgia and florida, suntrust has been in and that has not moved over the past couple of years. all of a sudden it has come from 27 to 35. it is a good place to be. the end curve is deepening. david: before we go to break we will talk more about it after, we have to go back to priceline for a second because it is pumping again. they came out with another series of numbers that pleased investors after the market. and this is the kind of balance that we were expecting. that stock is now trading -- put up that board. there we go. ended at 933, now at 963. also the stock is jumping. what is going on? we will tell you after the break liz: we wanted thank jamie and
: bank of america disclosing it is facing actions from several regulators over its activities during the financial crisis. the bank said investigations are moving ahead and could result in some civil charges. liz: demand for u.s. factory goods rose in june, boosted by higher demand for aircraft. factory orders gaining 1.5%. they have now risen four of the past five months. david: cbs and time warner cable have until 5:00 p.m. eastern time that is only an hour from now to find a solution in their fight over transmission fees. a failure to come to an agreement threatens millions of cable subscribers with a cbs blackout. liz: st. louis fed president bullard suggests that the fed wait for more factors in the economy before tapering the bond buying program. he says caution needs to be taken basing forecans for policy alone. david: 7 million-dollar i insider-trading scheme. sec says the employee repeatedly obtained earnings data and traded in advance of its public release. that is a no-no. "after the bell" starts right now. david: let's get right to today's action. we have david steinberg,
a world whereas set purchases are finite. liz: the department of justice suing bank of america for allegedly defrauding investors in connection with the sale of more than $850 million worth of residential mortgage-backed securities. the doj says the bank failed to conduct due diligence on any of the mortgage loans. david: also sony has reject ad proposal from activist shareholder daniel lobe to spin off part of its entertainment business after actor director george clooney brassed lobe's plans. sony said holding full ownership of movie and music division was fundamental to the future. liz: the shine coming off gold a bit today, falling below $1300 a troy ounce as you see, 122. that decline is the sixth session in a row. gold declined nearly $20, ending the session as you can see, 1282. david: they agreed to pay sec almost $50 million to settle charges that misled investors in a marketing deal that went sour. ubs neither. denying responsibility. a interview with carl icahn comes up on a business "after the bell." liz: yes, david, in the world of activist investing, we should cal
to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. liz: full tradiig at the nasdaq did resume but this after three hours of all stocks halted but what impact has this left on the markets and should we be worried this could happen again? joining us harvey pitt former securities & exchange commission chairman. harvey, we confirmed the sec is looking at that. first of all, do you hear anything or know anything? >> i know some things but not about -- what the sec is doing. liz: let's talk about the nasdaq. from what you saw today, do you feel that it was handled properly? are you concerned that there may be some nefarious groups at work here? hard to say the nasdaq still hours later has not come out with any kind of a statement. >> i'm not certain about anything nefarious but i think this was handled terribly on the part of nasdaq. it seem
line. when you look at performance in north america and adjusted operating margin, very good numbers. david: tom, talk a little bit what they do and how they change ad little and that might have led to better numbers. used to survive on base serves e-mails they sent you, hey, we have a great deal. now they have this bank of 40,000 deals. so an individual can go in there and choose for himself what he wants. is that a better business model for them. >> i'm glad you brought that up because i think that's a huge change in their business model sometimes they don't get enough credit for. the idea they basically went with a company inventory of one, sending you email every day with daily deal to now giving you 40,000 choices on their website. that is huge improvement in their business model. liz: what else can change that their business model that can make more people to use the coupon? for a while they stumbled a bit. then they turned it around. people got more interested again. what do they need to make this more attractive? >> i think they understand their long-term opportunity is to be
're creating more jobs in north america. now we have raw material advantage on crude oil and natural gas. ashley: david, let me bring you in on this particular topic. what is your view on china being a major player in the oil market? >> everybody keeps talking china, china, china over the years and it has been the greatest single story that hasn't shown up. if u showing programs they built cities nobody is even come to. think in the long term it has a chance to be a very big story but in the near term, next 12 months i don't see it. liz: david, are they secretly filling their spr? they're not done? >> people are producing more and more. the united states has produced more than it ever has. for the short term that will make up for the shortfall. ashley: andy, let me bring you in on another subject that i think is very interesting. a report says plunging prices, disappointing well results really slowed down the land grab for u.s. shale. that the excitement has really temper ped. have you heard that and do you expect that to continue? >> i certainly have heard that and, you know we do see s
, i would like to get your picks. best buy, you really like it. domino's pizza, bank of america and amex. just yesterday we had who said p doing a lot of things with social media to get more customers. >> you are absolutely right. it'll be interesting to see those developments. talk about short-sellers, they have targeted that name, the price action has been incredibly strong. less than half the analysts covering that actually recommend buying that stock yet perhaps it could cause some upgrades that could bring money off the sidelines, so i think best buy has potential upside here. david: terrific stuff. we will see you in a couple of minutes when the s&p futures) liz: w we've got a lot of fed talk. tapering asset purchases but is the fed looking at the correct economic indicators? david: also, europe is back. finally growing after the longest contraction since world war ii. is it time for you, the investor, to jump in? your playbook coming up. liz: betting on apple, is it finally time to buy the stock? log on to the bell. [ indistinct shouting ] ♪ [ indisti
america, europe, australia, japan and china. there wasn't going for the stock. there is lot working against mcdonald's. the stock will not go away. the dividend is nice. it's a big name. there is strong dollar environment right now which weighs on multinational earnings because of the exchange rate. face it at home, consumers aren't, eager to spend as they have been. liz: right. >> so fast-food sales are taking a hit. mcdonald's isn't healthy evident option. there are bigger risks at play. mcdonald's like to blame the weather for its sales but think there is little more. liz: you say mcdonald's. we blew your next big, we showed lower third in advance of you saying it. wal-mart you're saying at least get rid of them for now. >> last quarter same-store-sales declined first time in two years. really rough time for investors in wal-mart stock. you think it is biggest retail stock out there. but that is not to say it is stable. it can still drastically underperform market. same thing, excuses about the weather. people weren't buying seasonal items or income tax didn't come in on time. if
want to tell you a compliment before i let you go here. you pick bank of america. dying to know if you would still pick bank of america. we still think that there is upside for $20. >> think you very much. thank you very much. we will see you in just a couple minutes when the s&p futures close. cheryl: they also liked target. the u.s. and british pushing to gain approval. we will be live at the white house with more. >> also the crisis in syria. still, they are at their highest level in more than two years. we have a top analyst that says do not let the run-up for you. also, we want to hear from you. you think the market is taking syria a little too lightly right now? log on to / after the bell. we will read your answers on after the bell. ♪ [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] w about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's n
america. for the entire time there i tried to get bourbon i couldn't. this is back in '80s, early '90s. >> right. david: scotch is their main drink. i imagine the same is true for asia. have you changed that already? >> same thing with me. i started about 25 years ago. in my first trip to london you couldn't find a bottle of jack daniels in a pub. now we're one of the largest selling spirits in the u.k. it has been dramatic change over last 25 years. where i started we sold four million of cases of jack daniels. most of that was in the united states. mostly 95%. now we're selling over 11 million cases of sway jack daniels in 150 countries, black label is the high-end bourbon. >> old number 7 is our flagship brand with the black label on it. that is our other story for us we have a family of brands. gentleman jack, jack single barrel are more expensive. both growing double-digit growth. our rtd business, in cans and bottles is millions of cans and bottles around the world growing five or 6%. our newest family member, jack daniels, tennessee whiskey or tennessee honey is selling nearly 8
is good for gm is good for america. seems like itt is a crosscurrent of american industry and if in fact you were doing well, a 10% jump in the stock in one day is hard to beat, if you're doing well does that sort of roll over into the rest of the u.s. industries? >> it really depends on the end markets you're participating in. so much of our growth was on the oil and gas side of things. david: auto brake pedals there, a huge part of your market. >> automotive and break pads are r huge part of what we play. oil and gas we've been bilged the portfolio over time and that is what really helped us. there are some softer areas in north america for us. the chemical side has been somewhat softer and some of the industrial applications have been somewhat softer for us but i would hope with the ism and what came out today we could see improvement as we get into the back half of the year. liz: want to get to mining. miners have really lagged the entire stock market rally. obviously we've seen a slight pullback what is happening with gold at least for the year but gold still over the past couple ye
gain. microsoft represented 19 points of that gain. steve baller america the ceo says he will be gone in 12 months as he looks to retire. s&p 500 up by six. nasdaq up a half of a percent. russell 2,000 up a fraction. adam: here are the front page headlines. new home sales dropped 13.4% in july, hitting the lowest a annual rate since october. all regions had declines led by the west where sales fell 16.1%. liz: weak housing data helped to lift gdd today. the precious metals jumped $25 to end the week at $1395 a troy ounce. that is the highest level since early june. for the week prices were up 1.9%. adam: global markets in advance discussions to merge with direct edge. that would create the world's second biggest market operator. liz: moody's threatening to downgrade several big financial firms saying the government will more likely let large banks fail. if moody's follows through it could lower ratings of names like goldman sachs, jpmorgan and morgan stanley. adam: are you ready for football? ad slots for the 2014 super bowl are 85% sold out that is according to fox sports. 90% of the
. cme is right in the heartland of america in chicago, they seem to want the federal reserve to get back to normal or more sense of normalcy, not continue with money printing much longer where wall street wants it to go on forever? am i right? is that a split decision where wall street wants and cme wants? >> it seems logical but i think would think we both agree that the market is completely hostage to a large degree to the fed and to quantitative easing. david: is that dangerous, teddy? teddy, hold on a second, teddy, you've been around a long time. is that dangerous, when a market gets addicted to the money-printing? >> catastrophic, not dangerous. catastrophic. >> so what will the outcome be if you're saying catastrophic. it was mentioned back in may beginning of tapering of bond assets, right, teddy? how do you see this unfolding once the trigger is finally pulled? >> i think it is what pulls the trigger. if the trigger, if the trigger is pulled by a truly improving u.s. economy, the initial reaction is very negative. when cooler heads prevail, the economics will take over, company
rating. the seinfeld are america's wealthiest comedians. according to data by 12x larry david with 900 million, was jerry seinfeld is worth 800 million. the bill will pushes its class release date to 2014. and the device was originally scheduled to begin shipping later this year. samsung's unveils a new phone with the 6-inch screen. at&t will start selling the device on friday for $150 with a 2-year service contract. that's your "speed read". ashley: nice. you haul that phone like this. liz: that's right. ashley: a bipartisan push for tax reform hitting silicon valley today. democratic senator max baucus and republican congressman coming together to get support for overhauling the tax code. liz: we are joined now from santa clara, california, with more. first of the location where this happened right behind you. sort of the seed of genius in silicon valley. >> reporter: absolutely. this is part of a bush biotech companies to get an overhaul of the tax code. what these folks want to make. these are the companies that one in over all of the tax code. there are stumbling blocks. there are
of bed. probably the worst performing neighborhood as far as emerging economies in south america. "tale of two cities." emerging economies of south america and southeast asia, underperforming down 10 to 15%. europe stuck in neutral. trying to figure out whether a turn in the economy is real or just a bounce along the bottom. then of course, the fed stimulated and highly motivated u.s. equity markets, that is, the product of pushing people out on that risk curve. if you're going to bring that full circle, you will get people coming back out on to the risk curve into emerging economies. that is where organic growth could be starting. that is where you begin to see the recovery. adam: lincoln and liz, kim ford, for the pitt capital group joining us right now. it is good to have you. let me ask you quick. i know you're hot on honeywell and hot about intel. i want to ask you about intel. why are you saying this is a place you might want to be. didn't they miss a mobile chip market? only 2% of their sales but still heavily reliant on pcs? >> an servers. servers are doing pretty well for them.
's sleeping on the most highly recommended d in america? ask me about my tempur-pedic. ask me how fast i fall asleep. ask me about staying asleep. [announcer] tempur-pedic owners are more satisfied than owners of any traditional. tempur-pedic. the most highly recommended bed in america. now each of you n rsonalize your comfort at the touch of a button with our new tempur-choice. so both of you can get your best night's sleep together. cheryl: let's head back to nicole on the floor of the new york stock exchange. nicole, more on dell. released earnings just a few moments ago. headline, in your opinion, nicole. >> reporter: i think, obviously, this is something we'll continue to follow, so let's just start off with the numbers that we're seeing. i think right now we're starting to see the bid-ask improve some. the first headline was that the stock was not reacting at first, though it is improving now. earnings per share peating the estimates by a penny -- beating the estimates by a penny, that was better. also revenue came in for the laters quarter, 14.5 billion which exceeded analyst estimates
. the survey released by bank of america merrill lynch shows 72 percent of fund managers expect a global economy to pick up next year, up from just 52% in july, and that is today's speed read. liz: american shoppers are slowly but surely opening up their wallets again. tsk -- the fourth consecutive month of gains, but we have someone who says do not expect the same type of shopper. the american consumer is now changing. what are they shopping for? joining me now, ceo and co-founder of price comparison. it is wildly successful. i was just saying, 100 million -own loves, 30 million downloads of the application itself. imaginations. if your amp could talk, would it say about the health of the u.s. consumer right now? >> thank you for having me. i think it would say that retail sales are definitely going to be up this year. at the same time, i think the kind of products that people are actually buying now or are interested in, the growth is changing slightly in people coming out of the recession with a bit of a jaded eye toward past splurges which means they're looking for products that are
the markets come monday? >> nothing against athletes but as young children go around america with michael jordan and tiger woods posters and serena williams for the girls where is the richard fisher poster? david: i have a man in my office. >> gets it. even though he is not a voting member because of the ping-pong ball falling. we hinge on him this is what the fed needs to-do listen more to these reverberations from him. i agree with him 100%. in particular waning the patient off the drip right now. i think the stock market is starting to take the cue with treasurys. david: interesting, michael, because what's happening is even though the stock market, but certainly interest rates are taking the cue but the rhetoric coming from the federal reserve is very different. once there was campaign, he didn't want to call it a p.r. campaign but he alluded to it as i did back in june where they brought out all the fed officials. don't worry about tapering. that was clearly directed to the stock market but looks like interest rates are not believing that rhetoric. >> you know what? being in these ma
a problem that fan -- fannie mae itself created. that is part of issue with both bank of america and jpmorgan. they're being fined enormous sums for the since of the banks that they took over at the behest of the federal government, shotgun weddings, during the crisis. washington mutual and of course countrywide financial, that's a great story. and they're being fined for what those guys did and they were forced to take them over. david: they're being fined because of what they were forced to do by the people who are now fining them? >> exactly. david: we have to leave it at that. george malone, columnist for "the wall street journal" the man who, i don't know may have made a mistake but maybe not by hiring me 30 years ago. >> i don't think so. david: thank you very much, george. cheryl, over to you. cheryl: he needs to stick around. i want stories. >>> the hybrid wars are revving up as ford increases its share of the hybrid market. toyota is fighting back. jeff flock talks to a top toyota executive about the company's battle to be number one. ♪ weekdays are for rising to the c
Search Results 0 to 20 of about 21